Tengasco, Inc. (TGC)

[TICKERTALKER]

This stock takes patience because the turn over rate of shares is slow. However, it looks like the company is in a much stronger position now compared to last year at this time. I made money last year in this stock when psychological factors pumped oil up.

After the run-up I became worried about a hedging agreement that put a ceiling on the price of oil, and got out. Things are different now. It looks like there is no ceiling on the new hedging agreement and it protects the company only if oil prices crash. Also production is increasing.

A similar situation to last winter is brewing with fears of supply disruptions over seas. It's good to know that this time the company is growing regardless of how the over seas situation plays out. The biggest threat to oil prices appears to be a major crash of the euro, but I think this risk is over blown. I am back in now because the downside to the price per share is very small compared to the potential reward.

The only negative that I think needs some action is to get the word out to investors that this an oil stock, and that the natural gas part is only on the back burner. When you watch level 2 you can see that we need more new investors to come in. These are just some opinions and thoughts for discussion.